Business AcquisitionFinance

Rockefeller Capital Management Secures $6.6 Billion Valuation with Chanel Family Office Backing

Rockefeller Capital Management has secured backing from Chanel dynasty’s family office and other ultra-wealthy investors, reaching a $6.6 billion valuation. The wealth management firm plans expansion into new markets and international wealth management partnerships following the recapitalization.

Rockefeller Capital Management has achieved a landmark $6.6 billion valuation through a major recapitalization backed by the Chanel dynasty’s family office and other ultra-wealthy investment firms, according to an exclusive CNBC interview with CEO Greg Fleming. The wealth management firm, which originated from John D. Rockefeller’s family office, has more than doubled its valuation from $3 billion in 2023 through this strategic funding round that positions it for significant expansion in domestic and international markets.

Recapitalization Details and Investor Profile

Economy and TradingInternational Business and Trade

Jeremy Siegel Predicts Stock Market New Highs After Temporary China Tariffs Lifted

Wharton professor Jeremy Siegel believes recent China tariffs imposed by Donald Trump are temporary. The market expert predicts stocks could surge to new highs once trade tensions ease, citing AI investment boom and Federal Reserve policy.

Economist Jeremy Siegel has declared that President Donald Trump’s recent tariffs on China are temporary measures, predicting the stock market could surge to “new highs” once these trade restrictions are lifted. The Wharton finance professor’s analysis comes after Friday’s significant market sell-off triggered by Trump’s announcement of additional 100% tariffs, which caused the S&P 500 to experience its steepest decline since April.

Market Volatility and Tariff Impact

Business AcquisitionFalun DafaMarketplaces

Trump Threatens 100% Tariffs on China in Response to Rare Earth Mineral Restrictions

President Donald Trump has declared 100% tariffs on all Chinese imports following China’s rare earth mineral restrictions. The move signals escalating trade tensions between the world’s two largest economies, with significant market implications.

President Donald Trump has escalated the ongoing trade conflict with China by threatening to impose 100% tariffs on all Chinese imports, responding directly to Beijing’s recent restrictions on rare earth mineral exports. The announcement, made via Trump’s Truth Social platform, represents the most aggressive trade measure yet in the simmering economic confrontation between the world’s two largest economies.

Trump’s Tariff Announcement and Timing